Filing a Chapter 7 Case to Save Your Business
A Chapter 13 case is often the preferred way to keep a sole proprietorship business alive. But can a regular Chapter 7 one ever do the same?
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Bankruptcy: a Tool for Business Success
Bankruptcy doesn’t just clean up after the failure of a business. Bankruptcy can also prevent that failure in the first place.
Chapter 13 Handles Both Older and Newer Income Tax Debts
If you owe a few years of income taxes, Chapter 13 lets you write off those that can be, while giving you time to pay those that must be.
Chapter 13 Handles Tough Income Tax Debts
If you owe recent income taxes, or multiple years of taxes, Chapter 13 can provide huge advantages over Chapter 7, and over other options.
The Four Conditions for Writing Off Income Taxes in Bankruptcy
The conditions for writing off income tax debts actually make sense.
You Can Write Off Some Income Taxes with a “Straight Bankruptcy”
Chapter 13 can be a great way to deal with tax debts. But you don’t always need it, or its 3-to-5-year plan.
The Persistent Myth About Taxes and Bankruptcy
Many people believe that bankruptcy can’t write off any income taxes. Even attorneys sometimes perpetuate this myth.
Don’t Let a Creditor Get a Judgment Preventing its Debt from Being Written Off in Bankruptcy
Some creditor judgments are very dangerous since they can prevent you from writing off the debt later in bankruptcy. Try to avoid judgments.
Qualify for a Vehicle Loan “Cramdown” by Filing Your Chapter 13 Case at the Right Time
Potentially save thousands of dollars on your vehicle loan by filing bankruptcy when it qualifies for cramdown.
Choose between Your Prior and Present State’s Property Exemptions When You Have Timing Flexibility
If you moved to your present state less than two years ago, when you file bankruptcy can affect how much of your property is protected.